NEW DELHI: Uttam Galva Steels on Friday said ArcelorMittal Netherlands, a unit of leading steelmaker ArcelorMittal, has taken a stake in it and L N Mittal Globe’s biggest M&A dealmakers Factors for successful M&As Formula for successful biz India Inc on crossroads b…

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NEW DELHI: State-run life insurance major LIC on Thursday said it will invest Rs 1 lakh crore in the equity market in the current fiscal, up from Rs 35,000 crore during 2008-09. “We have already invested Rs 40,000 crore in the stock market in the first four months of the current fi…

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L&T Chairman and Managing Director A M Naik spoke to ET NOW on L&T’s order book position and the company’s plans for the power & ET_NOW_Logo defence sectors. Here is the transcript of the full interview. You recently mentioned that last one month the company…

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NEW DELHI: State-owned utilities NTPC and Rural Electrification Corp will hit the capital market with their follow-on public offers to raise about Rs 9,000 crore by the end of the current financial year. “NTPC and REC follow-on issues will come up before March 2010,” Power S…

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NEW DELHI: Market watchdog SEBI on Tuesday barred metallurgical coke producer Austral Coke from raising any fresh equity after the income tax department unearthed an alleged more than Rs 1,000 crore fraud in the company’s transactions. “… (SEBI) hereby prohibits Austra…

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Reliance Industries today said PMS Prasad, who has been recently inducted into the company board, holds 17,433 equity shares in the company but does not own any derivatives of the shares. In a regulatory disclosure to the National Stock Exchange RIL said, PMS Prasad has informed the exch…

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NHPC Limited IPO Listing Info IPO Listing Date: Tuesday, September 1, 2009 BSE Script Code: 533098 NSE Symbol: NHPC Listing in: ‘B’ Group of Securities ISIN: INE848E01016 Issue Price: Rs. 36/- per share Face Value: Rs 10/- Per Equity Share Incorporated in 1975, NHPC Li…

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NEW DELHI: Country’s top three IT companies TCS, Infosys and Wipro today bagged a seizable chunk of five- year outsourcing deal from British oil giant BP. ( Watch ) Spokepersons of all three companies did not disclose the size when asked whether the total deal size is worth $ 1.5 …

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BANGALORE: Tech Mahindra has won around $500 million outsourcing contract from new telecom entrant Swan Telecom. Swan’s outsourcing contract, which witnessed aggressive bidding from IBM, Wipro and Tech Mahindra, comes at a time when Tech Mahindra is attempting to establish itself in th…

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NEW DELHI: The finance minister has put his seal of approval on a proposal that could willy-nilly lead to disinvestment in many of India’s biggest listed public sector companies starting as early as April 2010. Pranab Mukherjee has okayed a plan that will make it compulsory for at leas…

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